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ARTICLE · 25 AUGUST 2023

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Budget 2023

William Fry LLP
William Fry LLP
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William Fry LLP

William Fry LLP

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Budget 2023 was announced on 27 September 2022 (one month earlier than usual). This was Minister Donohoe's sixth budget speech and the third of the coalition government between Fianna Fáil, Fine Gael and the Green Party.

IrelandTax
Brian Duffy
Brian Duffy
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Sonya Manzor
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Budget 2023 was announced on 27 September 2022 (one month earlier than usual).

This was Minister Donohoe's sixth budget speech and the third of the coalition government between Fianna Fáil, Fine Gael and the Green Party. This year's budget was framed against the ongoing conflict in Ukraine, spiralling commodities and energy costs together with significant rises in the cost of living. The Minister referred to it as a "Cost of Living Budget".

The recent release of better-than-expected economic forecasts for Ireland allowed the Minister to announce a range of tax and expenditure measures worth €11bn. Budget 2023 announcements include "once off" measures of €4.1bn and other budgetary measures of €6.9bn. The Minister noted that tax receipts of €50bn at the end of August 2022 were €10bn higher than for the same period to August 2021. These "excess receipts" have allowed the government to introduce budgetary measures to ease the cost of living and provide supports to

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